#TrumpTariffs During his second presidency, starting January 2025, Donald Trump implemented significant tariffs on nearly all imported goods, raising the average effective U.S. tariff rate from 2.5% to an estimated 27% by April 2025, the highest in over a century. These were later adjusted to 15.8% by June 17, 2025, following some rollbacks. Key actions include:Universal Tariffs: On April 2, 2025, dubbed "Liberation Day," Trump used the International Emergency Economic Powers Act (IEEPA) to impose a 10% tariff on all countries, effective April 5, with additional tariffs planned for 57 trading partners. These were paused for 90 days to allow negotiations, but most deals didn’t materialize, and tariffs are set to resume at rates up to 70% for some countries by August 1, 2025.